Bank of New York Mellon Corp reduced its position in shares of Tuesday Morning Corp. (NASDAQ:TUES) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 457,482 shares of the company’s stock after selling 65,327 shares during the period. Bank of New York Mellon Corp owned 1.04% of Tuesday Morning Corp. worth $3,212,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Tuesday Morning Corp. by 4.6% in the first quarter. Arizona State Retirement System now owns 22,766 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Tuesday Morning Corp. by 4.1% in the first quarter. Prudential Financial Inc. now owns 104,926 shares of the company’s stock worth $858,000 after buying an additional 4,100 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tuesday Morning Corp. by 4.1% in the first quarter. Geode Capital Management LLC now owns 299,504 shares of the company’s stock worth $2,449,000 after buying an additional 11,768 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of Tuesday Morning Corp. during the second quarter worth $138,000. Finally, Spark Investment Management LLC raised its stake in shares of Tuesday Morning Corp. by 123.0% in the first quarter. Spark Investment Management LLC now owns 268,100 shares of the company’s stock worth $2,193,000 after buying an additional 147,900 shares during the last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded up 3.28% during midday trading on Friday, reaching $5.98. 154,600 shares of the company traded hands. Tuesday Morning Corp. has a 12 month low of $5.01 and a 12 month high of $9.23. The firm has a market capitalization of $261.91 million, a P/E ratio of 74.75 and a beta of 1.63. The company has a 50 day moving average of $6.69 and a 200 day moving average of $7.27.
Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings data on Friday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. Tuesday Morning Corp. had a net margin of 0.39% and a return on equity of 1.64%. The company earned $222.80 million during the quarter. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. Tuesday Morning Corp.’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Tuesday Morning Corp. will post $0.09 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $9.00 price objective on shares of Tuesday Morning Corp. in a report on Saturday, August 27th. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Tuesday, July 12th.
About Tuesday Morning Corp.
Tuesday Morning Corporation, is a merchandise and retail company. The Company is a retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings, housewares, gifts and other related items.
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